article thumbnail

Supply Chain Risk Management : The Challenges Driving Increased Interest in Managed Service

GlobalTranz

Any discussion on supply chain risk management and applying managed transportation to help prevent risks from coming to fruition is incomplete without touching on the pandemic to overcome supply chain disruption. A rapid change in demand for PPE also led to significant supply disruptions.

article thumbnail

Supply Chain Risk Management Highlighted by a Tiny Computer Chip

Enterra Insights

As recent events demonstrate, science fiction often turns into science fact. Jason Koebler and Joseph Cox explain, “In the 2015 novel Ghost Fleet , the spark that starts World War III is not a nuclear bomb, but a supply chain hack. … But if someone damaged the supply chains, all of this falls apart fast.”

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Advantage of Speed: The Cooper Health Supply Chain Relies Upon Real-time Risk Alerts

Logistics Viewpoints

Buying organizations use this technology to monitor and analyze supplier risk events in real-time. These are big data platforms that monitor news sources and assorted databases from governments, financial institutions, ESG NGOs, and other sources to detect when a negative event has occurred or may be about to occur.

article thumbnail

Cargo Theft Continues to Rise

Logistics Viewpoints

There were 582 supply chain events reported across the United States and Canada in the second quarter of 2023, a 57 percent increase when compared to the second quarter of 2022, according to the latest CargoNet report. Cargo Theft Tactics Cargo theft comes in many shapes and sizes.

Cargo 238
article thumbnail

How to Plan for Common Disruptors in Ocean Freight

Talking Logistics

Peak season for ocean freight shipping is underway. That can make it difficult to meet your delivery times unless you take proactive steps now to minimize the risk in your supply chain. All of this will cause a tightening of space for ocean freight shipping. Keep your eye on events well before they occur.

article thumbnail

Life Sciences and the Journey to Supply Chain Resilience: A Q&A with Craig Fix

Resilinc

In 2011, after the Japan tsunami destroyed one of our most critical sole suppliers, it created a call to action in the company to invest in a sustainable approach to proactively mitigate risk. We needed to position our organization and supplier base to act quickly to secure supply in the event of a disruption.

article thumbnail

Risk Management in Global Ocean Context

The Logistics & Supply Chain Management Society

Written by logistics leaders who are practitioners in their respective companies, it aims to stimulate thinking on how shippers or BCO’s could view business continuity and risk in the current environment. Risk management is about our attitude towards risk, ability to appraise the situation holistically, and our ability to manage risk.